Clariant Starts New Manufacturing Facility in Mexico

Mexico: Clariant International Ltd., a Switzerland based specialty chemicals company, started a new production facility for manufacturing of water based pigments in Santa Clara, Mexico. The company would provide various products and services under different market segments such as decorative coatings, industrial coatings, non-impact and flexo printing, and various specialty products for home care, personal care and stationery. The company has also planned to come up with a new plant at the same location by the end of 2016. This plant would be involved in the manufacture of solvent based pigments. The commencement of this facility also doubled the company’s production capacity for aqueous dispersions in Mexico.

TechSci Research depicts that this expansion would further helps the company to improve their production base in the country as well as enhance their product offering and services in the North American, Central American and South American markets.

According to recently published TechSci Research report, “Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross $34 billion by 2021. Growth in the market is anticipated on account of continuously increasing demand from major end use industries, such as paints & coatings, printing inks, construction, automotive, etc. Global paints & coating industry stood at around USD122.5 billion in 2011, and is anticipated to reach to USD168.5 billion by 2017, thereby portraying a positive outlook for the global pigments market. In addition to coloring applications, pigments are also used in huge quantities in non-coloring applications. For instance, iron oxide pigments are used in lithium-ion batteries for the production of cathodes.